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California suffers from decades of democrat control, district gerrymandering, oppressive policies to favor them, uncontrolled illegal immigration and welfare handouts to gain votes. There is no solution there anymore, you can only move or hope you can live out your life before the criminals confiscate everything you have.
The super rich either have "primary homes" in no state income tax states like Texas Wyoming Florida etc.
The super rich who do stay also invest primarily in tax exempt
Muni bonds. That's why cities and govt are extremely afraid to declare BK. Cause the tax exempt muni bonds they sell to fund infrastructure would scare away future investors thinking its a safe investment.
The poor stay cause they get more benefits (medi-cal etc) more liberal benefits
It's really the middle and upper middle who get screwed. They are the ones leaving California
For the 2016 year, my father was complaining to me that he and my mom are going to have to spend around 55k in taxes this year because he cashed out a ton of his investments as he is preparing for retirement.
The total for my college education was less than that (I graduated in 2015).
Sometimes I think the government is just punishing some of us for having money. Besides basic government facilities - roads, police, etc, my parents haven't utilized government resources. I was in private school until I entered high school, so my parents barely used that resource either.
You are correct. Taxes are way too high and government is way too big.
No, they are way too low. Property taxes should get reduced, but it is time to implement a national health care system, make public college tuition free so merit and not money decides who will get a good education and make pre-school affordable for everyone with a child so both parents can work and pay taxes.
These are MIDDLE CLASS investments and we should implement a new payroll tax and a national sales tax to fund it. The country would be much better off as a result.
No, they are way too low. Property taxes should get reduced, but it is time to implement a national health care system, make public college tuition free so merit and not money decides who will get a good education and make pre-school affordable for everyone with a child so both parents can work and pay taxes.
These are MIDDLE CLASS investments and we should implement a new payroll tax and a national sales tax to fund it. The country would be much better off as a result.
Yes let's have unaccountable govt employees pick the winners and losers in education, health care, etc. What could go wrong?
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